Wall Street should have known better than to trust Donald Trump

https://www.msnbc.com/opinion/msnbc-opinion/trump-wall-street-economy-stock-market-rcna196759

by msnbc

10 comments

  1. **From Helaine R. Olen, author of “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry”:**

    The stock market rose to record heights after Donald Trump’s 2024 re-election. Wall Street reveled in Trump’s promises of even more tax cuts and defanged regulators, not to mention making the world safe for saying all those politically incorrect thoughts about DEI. What could go wrong?

    Plenty, it turns out. Trump’s only been in office two months and the S&P 500 is lower than it was before Nov. 6 and in correction territory. The risk of a recession is rising, and confidence for consumers and small businesses is plummeting, even as fears of inflation are increasing. Multiple Fortune 500 companies report a softening in consumer spending. The dreaded word “stagflation” is getting tossed around.

    No wonder so few people, it seems, want to plan a getaway: The Conference Board reports that under 40% of Americans are planning a vacation in the next six months. In the last 40 years, that number has only been lower during the Covid-19 pandemic and the Great Recession.

    Read more: [https://www.msnbc.com/opinion/msnbc-opinion/trump-wall-street-economy-stock-market-rcna196759](https://www.msnbc.com/opinion/msnbc-opinion/trump-wall-street-economy-stock-market-rcna196759)

  2. Everyone should have known. He’s been pulling the exact same shit for literally 50+ years. If you didn’t see him coming, it’s because you didn’t want to.

  4. They thought they were buying Donald Trump. Turns out someone paid more.

  5. They knew but just like von Hindenburg, they thought he could be controlled.

  6. They’re greedy parasites who can’t see beyond their shiny polished shoe and the next dollar they want to make. Instability has always been bad for business, now they’ll pay the price.

  7. Corporations are in this “prisoner dilemma”, instead of working together with society for mutual benefit, they 1000% chose to fuckeveryone over option for a chance to get richer. Thats all they know.

    This ultimately makes late-stage capitalism a winner takes all system. A lot of GOP businesses owners found out the hard way in 2008. They will find out again when this next recession comes.

  9. It’s a good thing they trust good ol chuck Schumer to not do anything to disrupt the status qou.

    That’s the nice thing about buying out everyone. You can just pull whatever level is convenient.

  10. WTF is this bullshit? Boo fucking hoo for Wall Street. All those rich fucks lost value in the stock market, but they’re all flush with cash. They’re buying up stocks while they’re low. This is a transfer of wealth. This is the day they’ve been waiting for.

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